Ham­mer falls 23 times

Weekend Argus (Saturday Edition) - - AUCTIONS -

FROM GOND­WANA Game Re­serve near Her­berts­dale to the sub­urbs of Plet­ten­berg Bay, 23 prop­er­ties will be auc­tioned by Van Rens­burgs Auc­tions this month.

“A pos­i­tive fac­tor is that the num­ber of pri­vate sell­ers and in­sol­ven­cies are more or less equal dur­ing this marathon auc­tion pe­riod,” says Wi­idke Burger of Van Rens­burgs Auc­tions.

“In De­cem­ber 2010, 90 per­cent of the auc­tions were in­sol­ven­cies. This year was no dif­fer­ent when it came to an in­creas­ing amount of auc­tions, and we held six auc­tions a month on av­er­age in the south­ern Cape. This in­cluded all types of prop­er­ties, as well as mov­able as­sets.

“A ne g at i ve s e nt i ment re­mains in the res­i­den­tial mar­ket when it comes to prop­er­ties priced above R1 mil­lion, and many of the auc­tion prices were not ac­cepted by the bond­hold­ers. A more pos­i­tive in­ter- est was shown in apart­ments with val­ues be­tween R250 000 and R500 000. These prop­er­ties proved to be very pop­u­lar with buy­ers. How­ever, ex­cep­tional prop­er­ties still achieve good prices de­spite the re­ces­sion,” says Burger.

Agri­cul­tural prop­er­ties, and, in par­tic­u­lar, arable land in the Hei­del­berg and Rivers­dale districts, fetched an av­er­age of R11 500 a hectare. Three farms were sold on auc­tion.

Burger s ays t here will al­ways be an op­por­tu­nity for a bar­gain and, from De­cem­ber 17 to 21, lodges in Gond­wana, prime stands in Springer­baai, homes in Mos­sel Bay and Plet­ten­berg Bay, and many beach houses along the coast will be sold by Van Rens­burgs Auc­tions dur­ing this fes­tive sea­son.

For fur­ther in­for­ma­tion, call Van Rens­burgs Auc­tions in Ge­orge on 044 878 2877 or visit www. van­rens­burgs- auc­tions. co.za.

MARATHON AUC­TION PE­RIOD: Van Rens­burgs Auc­tions held about six auc­tions a month in the south­ern Cape this year.

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